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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

Geopolitical events. The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. A Positive Example. Natural disasters. The rise of ecommerce.

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DCSA Publishes Complete Framework of Just-in-Time Standards for Main Port Call Activities

Shipping and Freight Resource

Latest release of DCSA’s Just-in-Time Port Call Programme provides interface standards and API definitions for all 50 port call event timestamps. The interface standards allow carriers, ports, terminals and other service providers involved in a port call to exchange event data in a uniform way, enabling automated data exchange.

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A Multibillion-Dollar Supply Chain Market Growing at a Double Digit Rate that Nobody Knows About

Logistics Viewpoints

ARC’s definition is that a supply chain collaboration network is a “collaborative solution for supply chain processes built on a public cloud – many-to-many architecture – which supports a community of trading partners and third-party data feeds. Industry and government data can be used to increase forecast accuracy.

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Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

Now, there’s a lot of definitions out there, but here’s how I define it. Generative AI is first trained on a foundational model and then fine-tuned with human feedback and additional data. Its responses are based on data it has consumed and a resultant powerful prediction mechanism. What is Generative AI?

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Business-to-Anything Integration Supports Agile Supply Chains

Logistics Viewpoints

Supply chain collaboration networks, which provide wide ranging visibility to events occurring upstream and downstream in supply chains, can help companies be more agile. An SCCN can also access pertinent third-party data feeds. The information exchange is supported by data centers that the company owns and runs.

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A Better Way to Think About Integrated Planning

Logistics Viewpoints

Definitions of agility, resilience, visibility, and end-to-end collaboration are all very much tied together. And agility is about reacting quickly and hopefully effectively to the actual disruptive event. But the event might not be disruptive at all if you had planned for it. Resilience is About Planning for Agility.

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8 Best Inventory Demand Forecasting Techniques

EazyStock

But first – let’s get a definition: What is inventory demand forecasting? Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. If you analyzed the historical sales data of every product in your warehouse, you’d find that the demand for different items varies considerably.